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A firm has had the following order history over the last 4 months: What is the weighted moving average forecast for March,assuming a weight of 60% for the most recent month,30% for the month preceding the most recent month,and 10% for the month preceding that one?
Margin Of Error
A statistic expressing the amount of random sampling error in a survey's results, indicating a range within which the true population parameter is likely to lie.
Bushels
Bushels are a measure of volume used primarily in agriculture, especially in the United States, for dry commodities such as grains or produce.
Confidence
In statistics, the degree of certainty or probability that a parameter lies within a specified range of values.
Insecticide
A chemical substance used to kill insects.
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